Egyptian investors take interest in Vietnam

Egyptian investors showed strong interest in Vietnam’s business market during a dialogue jointly organised by the Vietnamese Embassy in Egypt and the Chamber of Commerce of Alexandria city in Cairo on January 26.

Vietnamese Ambassador to Egypt Dao Thanh Chung (centre) speaks at the dialogue. (Credit: VOV)
Vietnamese Ambassador to Egypt Dao Thanh Chung (centre) speaks at the dialogue. (Credit: VOV)

With the participation of representatives from 17 local firms in various fields, the event was part of focused activities organised by the Embassy to introduce and promote Vietnamese products to a five million population market, said Vietnamese Ambassador to Egypt Dao Thanh Chung.

Vietnamese trade counsellor in Egypt, Pham The Cuong, also briefed local businesses on highly potential fields in Vietnam, such as agro-forestry-fishery product cultivation and processing, garment-textiles, leather footwear, rice and furniture production.

General Director of the Egyptian engineering company Heshem Tawfik hailed Vietnam’s strategic vision, praising the efficient and well co-ordinated event.

In 2014, trade between the two countries was valued at US$320 million, a substantial increase from US$220 million in 2013. The figure is expected to increase even more reaching US$400 million this year.